[via Kang Wang Photography]
The current cost to taxpayers of a single homeless person in Vancouver: $55,000
The possible cost to taxpayers to house a single homeless person in Vancouver: $37,000
According to a study co-authored by SFU, UBC, and UofC analysts (via Vancouver Sun):
The report calculated that a capital investment of $784 million is needed to provide adequate housing to the 11,750 homeless people, and a further $148 million per year is required for housing-related support services.
But the study argues that after removing what the province is paying for health care, jail and shelters, and by spreading the capital costs out over several years, taxpayers could ultimately stand to save nearly $33 million annually.